Having realized that our CNC Punch Presses were becoming aged, and we were experiencing more frequent breakdowns, which caused capacity issues as well as painful repair costs (dead money), it was decided that we needed to look at investment in newer equipment sooner than we had initially planned.
Although we had only planned to procure second hand equipment we approached Trumpf to see whether they had any reconditioned secondhand machines in stock. Well, through various negotiations about the capabilities and price of a new machine, and due to the tremendous support of Mark Stuart from Nat West Bank and Jo Asbury of Lombard, we finally shook hands and took delivery in June of a brand new Trumpf Trupunch 1000 which is capable of forming strengthening ribs as well as tapping.